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2 years ago

The entry to adjust the accounts for salaries accrued at the end of the accounting period is select one:

Business

2 answers:

Paraphin [41]2 years ago

5 0

C. debit salaries payable; credit salaries expense

KonstantinChe [14]2 years ago

5 0

Answer:

d. debit salaries expense; credit salaries payable

Explanation:

Accrual in accounting means recognizing expense in the books of account in the period it is incurred instead of when cash is actually paid and recording or recognizing revenue in the period it is earned instead of the period cash is actually received.

In this case, accrued salary is a salary incurred in a period which will be paid in the future, It must be debited to expenses account so as to be matched against the revenue that it generates. This is consistent with both accrual and matching concepts in accounting.

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Leo is a welfare recipient who qualifies for two means-tested cash benefit programs. If he does not earn any income, he receives

lubasha [3.4K]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

If he does not earn any income, he receives $225 from each program. For each dollar he earns (which his employer is required to report to the welfare agency), his benefit from each program is reduced by 75 cents until the benefit equals zero.

Each program= 225

Combined earnings= 225*2= 450

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3 years ago

After the events of 9/11, a friend suggests to you that the Central Intelligence Agency (CIA) and Federal Bureau of Investigatio

bazaltina [42]

A. Hindsight bias- also known as the knew-it-all-along phenomenon or creeping determinism, refers to the common tendency for people to perceive events that have already occurred as having been more predictable than they actually were before the events took place.

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3 years ago

A company issued common stock and preferred stock. Projected growth rate of the common stock is 5%. The current quarterly divide

mr_godi [17]

Answer:

Explanation:

If the current quarterly dividend on preferred stock = $1.60, that means that the current yearly dividend = $1.60 x 4 quarters = $6.40

Since the yearly dividend = $6.40 and the current market price of preferred stock is $80, its expected rate of return = $6.40 / $80 = 8%

7 0

3 years ago

Which of the following most correctly demonstrates the opportunity cost of

Svetllana [295]

The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices which is in terms of entertainment, food, and shopping. Thus, statement B is correct.

<h3>What do you mean by opportunity cost?</h3>

In microeconomic theory, the opportunity cost of a particular activity alternative is the loss of price or advantage that could be incurred through engaging in that activity, relative to engaging in an alternative activity providing a better return in value or advantage.

The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices in terms of entertainment, food, and shopping. Thus, statement B is correct.

Learn more about Opportunity cost here:

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3 0

1 year ago

Roland has developed and patented an inexpensive and organic way to enhance the fertility of clay soils without the addition of

igor_vitrenko [27]

Answer:

Answer is option b, i.e. Passion for his invention.

Explanation:

Roland has almost all the qualities of a successful entrepreneur which includes an innovative mindset, ability to identify new opportunities, but he lacks in being passionate about what he desires to achieve. To start something new and follow one's dream one has to be passionate enough to be consistent and patient. Passion without patience is merely a dream which cannot be realized in true form. Hence, instead of quitting on what Roland had started, he should have searched for some more ideas to influence various agriculture companies.

3 0

3 years ago